Immense Solutions raises $4.6m to advance AI platform

Immense Solutions has secured $4.6 million to develop its ‘Simulation as a Service’ platform which it claims increases efficiencies for public authorities and mobility service providers. Software firm Immense says the solution uses simulation and artificial intelligence (AI) to improve how transport stakeholders make decisions about the movement of people and goods. It provides simulations of travellers, places and mobility systems that enable rapid operational understanding of how a city moves, the com
May 21, 2019 Read time: 2 mins

8855 Immense Solutions has secured $4.6 million to develop its ‘Simulation as a Service’ platform which it claims increases efficiencies for public authorities and mobility service providers.

Software firm Immense says the solution uses simulation and artificial intelligence (AI) to improve how transport stakeholders make decisions about the movement of people and goods.

It provides simulations of travellers, places and mobility systems that enable rapid operational understanding of how a city moves, the company adds, helping to manage the challenges of connected, shared and electrified transport.

The funding was co-led by AI investor Amadeus Capital Partners and Global Brain, a Japanese technology venture capital investment firm.

Amelia Armour, principal, Amadeus, says: “By testing and simulating traffic, public agencies can plan and manage road use more effectively, allowing them to mitigate delays and reduce travel time.”

Naoki Kamimaeda, partner, Global Brain, says: “Smart transportation-related companies will definitely benefit from using Immense technologies and eventually it will make our society more efficient, comfortable and safe by reducing congestion and accidents and enhancing urban planning”

UTC

Related Content

  • February 20, 2019
    MaaS Market London conference attracts global experts
    A plethora of global mobility experts is heading for ITS International’s 2019 MaaS Market Conference, reflecting the increasing pace of Mobility as a Service deployment. Colin Sowman reports Mobility as a Service (MaaS) cannot exist without the digitisation of transport services - and digitisation is without doubt the biggest challenge the transport sector has ever faced. It will create more changes over the next five to 10 years than the transport sector has seen in the past 100 - and there will be winn
    Read More
  • August 7, 2019
    Trust is the key, says Cubic’s Crissy Ditmore
    Trust is the key to encouraging people to take up shared mobility and MaaS services, thinks Cubic Transportation Systems’ Crissy Ditmore. She tells Adam Hill why sharing must be the way forward Crissy Ditmore is on the move. Director of strategy at Cubic Transportation Systems since September last year, she lives in Boise, Idaho, but doesn’t see a great deal of the city as she is “90% of the time on the road”. This is appropriate for someone whose business is working out how to get people from place to p
    Read More
  • April 16, 2018
    Auckland reduces airport journey times
    Getting from the centre of Auckland to the city’s airport used to be fraught with unwanted stress for passengers – but a new system combining radar, Bluetooth and Wi-Fi is smoothing things over. Andrew Stone investigates. Struggling to cope with steady growth in passenger numbers and the costly traffic congestion which that can entail, New Zealand’s Auckland International Airport has deployed an innovative system that is smoothing traffic and passenger flows. The same system is also offering new, data-led
    Read More
  • August 23, 2018
    IBTTA: industry must commit to trust and accountability
    Without a commitment to trust and accountability, the modern road tolling industry would not have the bedrock which it requires – and which customers demand, says IBTTA’s Bill Cramer When Tim Stewart, executive director of Colorado’s E-470 Public Highway Authority, settled on ‘trust and accountability’ as the themes for his year as IBTTA president, it was a very deliberate choice. Stewart was looking for language that would help deliver the global tolling industry’s message of service excellence to cust
    Read More

Highlighted Content